44ad eligble money lending interest
This query is : Resolved
15 July 2026
Good morning Sir,
I have a query regarding Section 44AD.
Can interest income earned from a money lending business be treated as business income and offered under Section 44AD? Or should such interest income always be shown under the head "Income from Other Sources"?
Could you please clarify the correct legal position and any relevant provisions or judicial precedents on this issue?
Thank you, Sir.
I have a query regarding Section 44AD.
Can interest income earned from a money lending business be treated as business income and offered under Section 44AD? Or should such interest income always be shown under the head "Income from Other Sources"?
Could you please clarify the correct legal position and any relevant provisions or judicial precedents on this issue?
Thank you, Sir.
15 July 2026
Do you have license for such money lending business?
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